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  • #815,521
  • Jul 15, 2013 11:26pm Jul 15, 2013 11:26pm
Quoting godim
All right. Today I'll start with the cable. The last few days have shown that waiting for something right there. The cable is currently attacking "important" line. The level is now 5120. Close H4 bar above this level can start such a movement. {image}
penetration?

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #815,522
  • Jul 15, 2013 11:27pm Jul 15, 2013 11:27pm
Are the Brits going to bring it down to the bottom of the range? Or break through the top?

Dear baby jesus, please let it go back down
  • #815,523
  • Jul 15, 2013 11:27pm Jul 15, 2013 11:27pm
Quoting Myo
{quote} that goes for all forms of TA, doesnt it?




Funny, how after years the same bullshit comes up over and over.

As there is some single statistical proof that PA alone would work.........


Where is the statistical correct disproof of EW, Gann or a few other methods?


I can state, that any one, who thinks, that indicators, Gann, EW, or what ever, does not work, has itself no clue about what trading is all about. Period.....


So let us try something together:


Spell with me:


p b l i o r a i t b y



If you are scratching your had now - forget about PA and pattern recognition
  • #815,524
  • Jul 15, 2013 11:29pm Jul 15, 2013 11:29pm
Quoting KiwiTrada
{quote} yep I have 3108 as a pretty good fence presently watching doco about oil boom in USA could be enough to boost USD
yep, I have 1.312x, could give a clue about the bears.. I still put my money on the bulls though.. is it a youtube video?
Patience is a virtue...
  • #815,525
  • Jul 15, 2013 11:31pm Jul 15, 2013 11:31pm
Quoting onemind
Are the Brits going to bring it down to the bottom of the range? Or break through the top? Dear baby jesus, please let it go back down
you forgot to use SL and now it rapes you in the ass, hm?
Quant Hedge Fund CEO
  • #815,526
  • Jul 15, 2013 11:34pm Jul 15, 2013 11:34pm
Quoting hadox
{quote} yep, I have 1.312x, could give a clue about the bears.. I still put my money on the bulls though.. is it a youtube video?
nope news feed

I am keeping 1 eyeball on yen they have started a small dump, if it accelerates is good chance eu au kiwi and cable will fall, if cable dosnt could be gbp appreciation aid yen dump, so for now I only have cable and geppy charts up, I have commited just now, waiting for brit open to confirm or jump ship
If you are new to Forex? Say Goodbye to your account!!
  • #815,527
  • Jul 15, 2013 11:37pm Jul 15, 2013 11:37pm
Quote
you forgot to use SL and now it rapes you in the ass, hm?

in a word, yes..
  • #815,528
  • Jul 15, 2013 11:43pm Jul 15, 2013 11:43pm
FXMastermind can be... abrasive at times, but that said, I think he is correct in that traders tend to over think things to much. The danger in over analyzing a trade is that you in turn put yourself in a position where you believe that your analysis cannot be wrong.

I have learned the hard way, blowing two accounts in the last 4 years, that the market doesnt care about your analysis and will do what it wants. Since I figured that out I have been very profitable by simply reacting to PA and paying attention to Pivot Points.

My two cents

===

Oh, and I am in short at 3095
  • #815,529
  • Jul 15, 2013 11:45pm Jul 15, 2013 11:45pm
Quoting infinitus
{quote} Funny, how after years the same bullshit comes up over and over. As there is some single statistical proof that PA alone would work......... Where is the statistical correct disproof of EW, Gann or a few other methods? I can state, that any one, who thinks, that indicators, Gann, EW, or what ever, does not work, has itself no clue about what trading is all about. Period..... So let us try something together: Spell with me: p b l i o r a i t b y If you are scratching your had now - forget about PA and pattern recognition...

why not calculate the entropy of price?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #815,530
  • Jul 15, 2013 11:45pm Jul 15, 2013 11:45pm
Quoting KiwiTrada
{quote} nope news feed I am keeping 1 eyeball on yen they have started a small dump, if it accelerates is good chance eu au kiwi and cable will fall, if cable dosnt could be gbp appreciation aid yen dump, so for now I only have cable and geppy charts up, I have commited just now, waiting for brit open to confirm or jump ship
you're pretty sharp with the correlated stuff, I can't look at it that way, there is to many variables for me.. I just go for the right or wrong approach when there's a setup..

I gotta wait for some confirmation before I start looking for bear entry..

lets see what happens today , it's been choppy last couple of days, lot of people getting chopped..
Patience is a virtue...
  • #815,531
  • Jul 15, 2013 11:46pm Jul 15, 2013 11:46pm
Quoting hadox
{quote} you're pretty sharp with the correlated stuff, I can't look at it that way, there is to many variables for me.. I just go for the right or wrong approach when there's a setup.. I gotta wait for some confirmation before I start looking for bear entry.. lets see what happens today , it's been choppy last couple of days, lot of people getting chopped..
i think it will stay that way until the BB testimony tomorrow.
  • #815,532
  • Jul 15, 2013 11:47pm Jul 15, 2013 11:47pm
Quoting Myo
{quote} any form of investment decision really, that is based on price. {quote} I think I know the basic premises of TA. Point is, scientists say itīs all junk, donīt they? I believe "noise trading" is the term they use at the moment. Yes, once in a while there is the odd paper, claiming to have found evidence that, under certain circumstances, in certain markets, select technical trading strategies can beat totally random entries, but they are a minority (maybe they just want to stand out among their peers - lol). [color=#0000ff]So...
thatīs hardly the right definition of TA.

I will try to find those papers for you. Anyway, there is a huge difference between WHAT you use and HOW you use it. Let me give you an example. Letīs have a moving average. There was a time in the history of trading when there were several proponents of trading via TA entirely using so called MA crossovers. As we all know, they work nicely in trading markets in give huge whipsaws in tightly ranging or choppy markets. Does it disqualify MA as a tool entirely? Not really. You can still use it as a help for your eye to see the trend and its slope, for instance. Or as a moving trendline.

I hope you can see the difference between using technical indicators blindly and making trading decisions based entirely on them and using them to help your eye navigate within PA. Btw, as I said before, psychology of the crowd has also to be taken into consideration. The most widespread tools of TA (such as MAs or trendlines, for instance) tend to work better simply because they are being used by such a vast amount of people and "collectively shared" which helps them to work by this simple fact alone.
Quant Hedge Fund CEO
  • #815,533
  • Jul 15, 2013 11:49pm Jul 15, 2013 11:49pm
i do not like the tone of FXmastermind, and i argued with him before. but i think what he said is correct.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #815,534
  • Jul 15, 2013 11:50pm Jul 15, 2013 11:50pm
Quoting ffleo
{quote} why not calculate the entropy of price?




when entropy got too high, search for a new macrostate :nerd:
  • #815,535
  • Jul 15, 2013 11:52pm Jul 15, 2013 11:52pm
Quoting infinitus
{quote} when entropy got too high, search for a new macrostate :nerd:

not so many people know what formula you put up there.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #815,536
  • Jul 15, 2013 11:53pm Jul 15, 2013 11:53pm
Quoting gatorinla
{quote} http://www.forexfactory.com/showthre...58#post6819758
OK Thank you! I knew I missed something.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #815,537
  • Jul 16, 2013 12:00am Jul 16, 2013 12:00am
Look, that is some of the nice examples of pretty worthless stuff


calling a trade, when it is safe to do after being in pseudo-profit for 20 pips


when you got balls, you had called the trade right when it happened



BTW: did you seld on the ASK?





Quoting Exsilium
FXMastermind can be... abrasive at times, but that said, I think he is correct in that traders tend to over think things to much. The danger in over analyzing a trade is that you in turn put yourself in a position where you believe that your analysis cannot be wrong. I have learned the hard way, blowing two accounts in the last 4 years, that the market doesnt care about your analysis and will do what it wants. Since I figured that out I have been very profitable by simply reacting to PA and paying attention to Pivot Points. My two cents ===...
  • #815,538
  • Jul 16, 2013 12:01am Jul 16, 2013 12:01am
Quoting FXMastermind
{quote} thatīs hardly the right definition of TA. I will try to find those papers for you. Anyway, there is a huge difference between WHAT you use and HOW you use it. Let me give you an example. Letīs have a moving average. There was a time in the history of trading when there were several proponents of trading via TA entirely using so called MA crossovers. As we all know, they work nicely in trading markets in give huge whipsaws in tightly ranging or choppy markets. Does it disqualify MA as a tool entirely? Not really. You can still use it as a...
i think high frenquency trading uses MAs and trendlines.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #815,539
  • Jul 16, 2013 12:01am Jul 16, 2013 12:01am
Quoting FXMastermind
{quote} ...not a fair question to anyone, Chicky. And noone with at least a little self-esteem will answer that.
Many times I feel like writing something. Few times I write something stupid, this was one of such times.

By the way, how much your broker made from you?
The Thief of Wall Street
  • #815,540
  • Jul 16, 2013 12:01am Jul 16, 2013 12:01am
Quoting FXMastermind
{quote} thatīs hardly the right definition of TA. I will try to find those papers for you. Anyway, there is a huge difference between WHAT you use and HOW you use it. Let me give you an example. Letīs have a moving average. There was a time in the history of trading when there were several proponents of trading via TA entirely using so called MA crossovers. As we all know, they work nicely in trading markets in give huge whipsaws in tightly ranging or choppy markets. Does it disqualify MA as a tool entirely? Not really. You can still use it as a...
The funny thing is that most indicators work nicely, its just that so many fuck up the timing and the overall trend.

Lars
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